One of my January goals is to start the 52 Weeks of Saving Challenge. This was something Coach Husband & I had started to do last year but only lasted about three weeks. Oops! At the time we weren't utilizing an all cash budget and getting to the bank each week never happened. Now that we have begun our Total Money Makeover [you can read all about our TMM here] cash is the only way we operate! The challenge has simply become a line on our budget and we will set aside the cash each week.
Other savings challenges started out saving the smaller dollar amounts fist and growing as you went through the year. For my intents and purposes it's a little backwards. November & December are months when our budget switches around in order to purchase for Christmas! We don't have anything specifically earmarked for how we want to utilize this "slush fund" but we are brainstorming some different ideas. My top idea is to use it to take a cruise the summer of 2018...super frugal CH has other ideas about upgrading landscaping around the house. I'm sure we will come up with something that satisfies us both.
I use this nifty chart attached to a large jar to keep track of timing and how much we are suppose to deposit into the jar. Feel free to use it as well to jump start your own 52 Weeks of Saving Challenge.